GTT Communications, Inc. (NYSE:GTT) Director S Joseph Bruno sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $40.50, for a total value of $40,500.00. Following the completion of the sale, the director now directly owns 108,467 shares of the company’s stock, valued at approximately $4,392,913.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

GTT Communications, Inc. (NYSE GTT) traded down $0.20 on Monday, reaching $39.35. The company had a trading volume of 312,554 shares, compared to its average volume of 270,670. The firm has a market capitalization of $1,718.65, a PE ratio of 439.44 and a beta of 1.48. GTT Communications, Inc. has a 52-week low of $22.95 and a 52-week high of $40.95. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 4.08.

Separately, Zacks Investment Research cut GTT Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. GTT Communications currently has an average rating of “Buy” and a consensus price target of $36.20.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bamco Inc. NY boosted its position in GTT Communications by 68.8% during the third quarter. Bamco Inc. NY now owns 2,278,200 shares of the technology company’s stock valued at $72,105,000 after purchasing an additional 928,200 shares during the last quarter. Spruce House Investment Management LLC acquired a new stake in GTT Communications during the third quarter valued at $59,723,000. Dimensional Fund Advisors LP boosted its position in GTT Communications by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,656,706 shares of the technology company’s stock valued at $52,435,000 after purchasing an additional 24,385 shares during the last quarter. Vanguard Group Inc. boosted its position in GTT Communications by 11.4% during the second quarter. Vanguard Group Inc. now owns 1,228,307 shares of the technology company’s stock valued at $38,876,000 after purchasing an additional 126,032 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in GTT Communications by 2.9% during the second quarter. Royal Bank of Canada now owns 859,355 shares of the technology company’s stock valued at $27,198,000 after purchasing an additional 24,273 shares during the last quarter. 65.42% of the stock is owned by hedge funds and other institutional investors.

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GTT Communications Company Profile

GTT Communications, Inc provides cloud networking services to a range of clients. The Company offers a portfolio of global communications services, wide area network (WAN) services; Internet services; managed network and security services, and voice and unified communication services. It provides Layer 2 (Ethernet) and Layer 3 (multiprotocol label switching (MPLS)) WAN solutions for multinational clients.

Insider Buying and Selling by Quarter for GTT Communications (NYSE:GTT)

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